Showing posts with category "business"

Key Technologies Every Business Should Implement to Improve Privacy

To Improve Privacy — The latest technology on the market can solve a variety of organizational problems, making it important to carefully consider which technologies should be implemented in your business. Over the last couple of decades, many technologies have surfaced that can help businesses abide by privacy laws. Yet, many organizations are unaware of […]

January 11, 2022
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business

Google in last-ditch lobbying attempt to influence incoming EU tech rules

Incoming EU tech rules — As EU policymakers put the finishing touches to the Digital Markets Act (DMA), executives at Google’s headquarters in Silicon Valley are stepping up their efforts to water down parts of the legislation that they fear may have a severe impact on their business. “Top executives in California have known about […]

January 11, 2022
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business

UK competition watchdog orders Meta to sell Giphy

Facebook’s parent company, Meta, has been ordered to sell Giphy by the UK’s Competition and Markets Authority. The company, then known simply as Facebook, bought the Gif-sharing search engine last year for a reported $315m (£236m). It planned to integrate Giphy’s vast database of looping short video animations with another of its existing social media […]

November 30, 2021
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business

Mark Zuckerberg’s Meta Deal To Acquire Giphy Set To Be Blocked

Meta Deal To Acquire Giphy — Meta Platforms’ acquisition of online GIF platform Giphy is set to be blocked by the U.K. competition regulator, according to reports. The Competition and Markets Authority will reverse the deal, according to the Financial Times, in the watchdog’s first case of reversing an acquisition by Big Tech. The CMA […]

November 29, 2021
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business

Ericsson to buy cloud firm Vonage for $6.2 billion

Ericsson to buy cloud firm Vonage — Mobile telecoms equipment maker Ericsson (ERIC) said on Monday it had agreed to buy cloud communications firm Vonage (VG) for $6.2 billion. The deal was the Swedish firm’s biggest in years and follows its acquisition of US-based wireless networking company Cradlepoint for $1.1 billion in 2020. “The merger […]

November 23, 2021
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business

Arm-Nvidia deal: UK orders further inquiry

Arm-Nvidia deal — A $40bn (£29bn) takeover of UK chip designer Arm by US giant Nvidia will be subject to an in-depth inquiry by the UK’s competition watchdog. Citing security and competition concerns, Digital Secretary Nadine Dorries told the Competition and Markets Authority (CMA) to launch a phase two investigation. An initial inquiry by the […]

November 17, 2021
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business

Elon Musk just sold $5 billion worth of Tesla stock

Worth of Tesla stock — Elon Musk sold roughly $5 billion worth of Tesla shares this week — his first such sale since 2016 — just days after conducting a Twitter poll asking his fans if he should dispose of 10% of his stake in the electric carmaker. According to filings with US securities regulators, […]

November 12, 2021
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business

Facebook may have to buy the META trademark for $20 million from Arizona PC builder

Facebook may have to buy the META trademark — Meta PCs, an Arizona-based company that sells computers, laptops, and software for gamers was an unremarkable retail outfit a week ago. Then on Thursday, Facebook CEO Mark Zuckerberg announced his company would be changing its name to Meta and it found itself in an IP war […]

November 4, 2021
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business

Linux Foundation’s Open Source Climate Welcomes Airbus, EY, and Red Hat

Airbus – The Linux Foundation’s OS-Climate has announced that Airbus and EY have joined its cross-industry coalition seeking to accelerate the global transition to net zero through open data and open source decision-making tools for companies, investors, banks, and regulators. This follows the news in September that Red Hat (an IBM company) had joined and […]

November 2, 2021
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business

Apple quarter revenue hits $83.4 billion

Apple quarter revenue — Apple today announced financial results for its fiscal 2021 fourth quarter ended September 25, 2021. The Company posted a September quarter revenue record of $83.4 billion, up 29 percent year over year, and quarterly earnings per diluted share of $1.24. “This year we launched our most powerful products ever, from M1-powered […]

October 30, 2021
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business

European Commission Investigates Nvidia acquisition of Arm

European Commission Investigates Nvidia — The European Commission has opened a competition investigation into Nvidia’s acquisition of British chip-design company Arm. The $40bn (£29bn) deal was announced in September. Regulators are concerned Nvidia could use the move to restrict access to Arm’s technology, which powers the vast majority of the world’s smartphones. Nvidia has promised […]

October 28, 2021
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business

Pinterest shares soar on reports PayPal may buy it

Pinterest shares soar – Pinterest’s stock surged on Wednesday following a report that digital payments company PayPal is looking to potentially buy the bookmarking website. PayPal is exploring an acquisition that would value Pinterest at around $39 billion, Bloomberg first reported, citing people with knowledge of the matter. Reuters and the Wall Street Journal also […]

October 21, 2021
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business